The Tanzania International Petroleum Reserves Limited (TIPER) is a joint venture between the Government of Tanzania (GoT) and Oryx Energies. It operates the largest oil terminal in the country,[2] and will have a storage capacity of 213,200 m3 by 2015.[3]

History

The plant was commissioned as an oil refinery in the 1960s. It was then known as the Tanzanian and Italian Petroleum Refining Company Limited (TIPER), owned jointly by the GoT and Agip (Tanzania) Limited.[6] After the signing of the agreement in 1963, it was built by the Italian state-owned Eni between February 1965 and June 1966 at a cost of TSh 100 million. In 1969, the GoT purchased half of the shares. It was a small refinery with a capacity to process 600,000 tonnes per annum.[5]

In November 2014, the government as the silent partner, suggested that the firm be led by an independent team. Oryx Energies disagreed.[11] The firm expects to build new storage tanks and thereby increase its capacity by an additional 100,000 m3.[3]